We had given a buy call on the currency pair. The Target has been met on the upside and after meeting the target the pair has seen some correction of nearly 1$ if the pair closes below 84 we can expect some selling pressure in the pair.

The crossover in MACD is seen and MACD is trading near 0.71 level if the MACD is able to close below 0 we will get another confirmation on the sell side. If the RSI closes below the 46 level with the pair closing below 84 we will get another confirmation.

If the pair is able to close below the mentioned level with all this confirmation a sell position can be made with a SL above 85 for a target of 82-80.

Advice : Sell only id the close is seen below the mentioned level.

AUD/JPY

Nov 05 2021